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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Redcliffe Exploration Inc. | TSXV:RXP.A | TSX Venture | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS. Redcliffe Exploration Inc. (TSX VENTURE:RXP.A) (TSX VENTURE:RXP.B) ("Redcliffe" or the "Company") is pleased to announce the commencement of a normal course issuer bid (the "Bid") pursuant to the bylaws, rules and policies of the TSX Venture Exchange (the "TSX-V"). Subject to regulatory approval, the Bid will commence on September 15, 2008 and will expire on September 14, 2009 unless terminated earlier by the Company. Pursuant to the Bid, the Company may acquire up to an aggregate of 3,282,574 Class A shares, representing 5% of the 65,651,488 Class A shares issued and outstanding at September 8, 2008. It is the Company's intention to acquire the Class A shares at prices that represent a discount to their underlying net asset value. Class A shares acquired will be subsequently cancelled. The objective is to provide capital appreciation and market stability for the benefit of the Company's shareholders. Purchases under this issuer bid will be carried out by FirstEnergy Capital Corp. through the facilities of the TSX-V. Reader Advisories Forward-Looking Statements: This news release contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.
1 Year Redcliffe Exploration Inc. Chart |
1 Month Redcliffe Exploration Inc. Chart |
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